USDC

WOOKIE-41

They train you which afterwards you start with 100 USDC and ask to withdraw it to put back into your account to work with by so called optimize orders. They tell you to do 30 orders 3x a day. After 5 days of this work you are paid 800. 15 days 1500 and 30 days 3000. As you optimize orders you may come across joint orders. Which puts you in the negative in the account leveraging you to put your money to finish the order. Which happened to me in the last 3 days. I'm going to use rough estimates but this joint order is all connected. I started with 110 and the order went negative cause the joint orders are 20% when orders are usually .5%. so I put into 110 to optimize. In the account now is 220. Another joint order I add 250. So 480. Another comes along and I match it by adding 480 there's 1000 now. Another joint order I add 1500. At this point I'm at a total loss because I thought that was it with joint orders. The last orders in the set were 3 joint orders from 20-30. The last joint order required me to put in 4500. I knew it was too good to be true to try a remote job at home the seemed so simple by pressing a button.

Ill-Square-1123

wait, so there's an Afghani Stablecoin that is being used to make payments? So suppose I want to send USD to family in Afghanistan, instead I send them USDC and they convert that to Afghani Stablecoin and pay directly with that? W

semanticweb

Hesab Pay is already doing it in Afganistan . They are doing it via a Afgani stablecoin. So may be converting USDC to Afgani before distribution. https://hesab.com/

Ill-Square-1123

yet another one of these that is just complete hogwash. They say the issue is the reputable banks have left these underdeveloped countries. But then they say they sent the Stablecoin to a partner in the country, who then converts it to cash, vouchers, etc. So they have to offramp it. How are they going to offramp it? These "thought papers" always stop at the point where their recommendations become practical and just hope no one notices. A lot of these people in these countries do not have the resources to have a phone, much less a wallet. So even if you send direct to crypto wallets, not enough people will be eligible. This works only if: 1. The country in question accepts digital currency without the need to offramp (a.k.a is part of the VISA network that is being built) 2. Has a tool (e.g., a wallet/account/digital currency card) that can be scanned to pay for things 3. People have readily available access to to this tool Stablecoins solve the first issue of volatility... and USDC has enough liquidity around it that it'll be very viable in the future. Maybe Canadian, European, and a couple other currencies will be acceptable in this regard. But Stablecoin still has MASSIVE hurdles that need to be fixed before it can do this reliably...

mikeg4015

Crypto will eventually amount to an EPIC rug pull over all. Adoption is the goal. USDC and its synthetic US Treasury support is the canary in the coal mine. Trump is a massive marionette.

Logical_Lemming

Go to app.aave.com and you can see the borrow APRs for USDC and USDT. They're around 4% right now, but they'll go up if we ever have another bull market.

Bluejumprabbit

Stablecoins without the need to know the chain probably. If someone can hold USDC, send it, spend it, and never once care whether the app used Base, Solana, or Ethereum underneath then that would be unlocking retail in

pommesUNDwurst

I haven't called the top. But I got out before the price went in the shitter (ca 105k$). I took some Profits into stocks. Most of it is sitting in a Money Market ETF or USDC and still waiting to be reinvested. I will start my DCA once we drop below the "realized" price (53k). And will move relatively fast (couple of weeks, 2 months max). Good luck.

TaraLaro

Downmarket - USDC Upmarket - SOL

AutoModerator

Post is by: Efficient_Policy_176 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/Coinbase/comments/1ux7iqe/coinbase_advanced_just_scammed_me_out_of_1350usd/ This was my last straw (has happened countless times but I always just accepted whatever they said before). # Coinbase just wiped out half my account balance on a liquidation that was mathematically nowhere near triggering, and their support team is actively running me in circles to cover it up. **I need to know if anyone else has dealt with this bullshit and how to force them to fix it.** # Here is exactly what they did: # The Trade: I was holding a short position on BTC-PERP on Coinbase International. I had approximately 1,626 USDC in cross-margin equity against a 61,650 USDC notional size. # The Early Trigger: A standard 1% maintenance margin means I should have had a price buffer up to roughly 63,684 USDC. The fucking risk engine liquidated me at 63,141.7 instead. It completely bypassed my available cross-margin equity. # The Hidden Fees: They drained 1,350 USDC from my wallet. Over $600 USD of that was pure penalties. But when I downloaded the official PDF transaction history to prove it, the "Fees" column for every single liquidation fill literally says $0.00. They are masking a massive fee inside the execution spread or settlement and refusing to itemize it.  # Support Bait and Switch: I got onto live chat 3 weeks ago and forced an escalation. They gave me Case ID 26870807 and told me to wait 7 days for the specialized engineering team to audit the math. I waited the full week. When I followed up, the bot completely ignored my questions and just gave me a brand new Case ID (26944953) to reset their internal clock so they do not have to answer me, told me to wait another week and I did. 2 days ago, for the third time asking, they told me within 24hrs I will get an email reply (and nothing yet!). (More detail into the trade:) # The Exact Trade Breakdown: **Position:** BTC-PERP (Short) **Leverage:** 50x **Average Entry Price:** \~62,650 USDC **Notional Size:** \~61,650 USDC (approx. 0.9765 BTC) **Available Cross-Margin Equity:** \~1,626 USDC # The Broken Math: At 50x leverage with a standard 1% maintenance margin, the exchange requires me to maintain about **616.50 USDC** in the account to keep the trade open. Since my total equity was **1,626 USDC**, I had a buffer of about **1,009.50 USDC** to absorb any price spikes before hitting that 1% liquidation threshold. If you divide that 1,009.50 USDC buffer by my position size (0.9765 BTC), the price of Bitcoin would have needed to rise by roughly **1,033 USDC** from my entry price to wipe out my margin. **Entry (62,650) + Buffer (1,033) = 63,683 USDC Liquidation Price.** Instead, their risk engine panic-liquidated my entire position at **63,141.7 USDC**. It completely ignored over 500 USDC of my cross-margin buffer, instantly closed my short at a worse price, and then charged me over $600 USD in hidden penalties that do not exist on the PDF statement. # Additional info: \- Happened on 19th June 2026, around 9.45pm SGT (or 11.45pm AEST) \- Account based in Singapore. \- I am a Singaporean citizen. \- I am currently studying overseas in Melbourne, Australia. \- I have screenshots of all customer service chats, logs & transactions, exact Bitcoin prices then, PDF of account transactions and so on... # | Since my account is based in Singapore, I have already submitted their formal complaint form. If they do not fix this, I am fully prepared to escalate this to FIDReC and report them directly to MAS for regulatory breaches. (Or to AFCA in Australia). Hiding fees off official financial statements has to be illegal. # Q Has anyone else caught them hiding liquidation fees off the official statements like this? How do I get an actual human with authority to look at their broken math? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

-TrustyDwarf-

Silly Iran, how could anyone not see that coming.. even I'm afraid of having my few USDC/T frozen. Just trade Bitcoin or even better Monero.

rosalinaluma0909

I’m more of a scalper, trading around **40–60 trades a day**, so fees matter a lot to me. I actually think you’re looking at the right thing. Crypto fees are expensive compared to many traditional futures markets, and the tick value is much smaller than something like Nasdaq futures. That said, don’t look at fees alone. **Liquidity is just as important.** A cheaper exchange with poor liquidity can easily cost you more through spread and slippage. One thing I’d add is that spot and futures are different. In crypto, futures usually lead price discovery, while spot tends to follow. Futures fees are also generally more competitive than spot fees. Binance used to offer **0 maker fees on some USDC perpetuals** (I’m not sure if that promotion is still running—I haven’t traded much recently). For a maker-based strategy, that was a huge advantage because it gave your edge much more room to breathe. Taker fees, however, are still expensive. I remember calculating that on ETH perpetuals, using taker orders meant price had to move **around 160 ticks** just to overcome fees before there was any real profit. Otherwise, it often ended up as a scratch trade. That’s a huge cost if you’re trading frequently. **Fees don’t create an edge, but they can absolutely destroy one.**

ArcanuMELO

Well said. I don't trust Tether much either. USDC is sort of the obvious choice as a current ball-playing unofficially CBDC as it's compliant and will do anything the US gov will ask of it.

rorygraman

Quicknode is launching their USDC Earn product this week, which automates the movement of your USDC across different Morpho vaults to get the best APY. You can set minimums for TVL and liquidity so your USDC doesn't get locked up. RE: you using Coinbase for rewards, they leverage Steakhouse vaults for their consumer USDC yield, so instead of paying Coinbase a portion of yield, you can get it directly. I'm the Senior Product Manager working on this product at Quicknode, so if you have any questions, just let me know!

supercashme

I actually think that's the goal. Most people don't know or care whether a payment goes through ACH, Visa, or SWIFT they just care that it works. If stablecoins become truly mainstream, they'll probably fade into the background the same way. People won't say, "I'm paying with USDC." They'll just scan a QR code or tap a button and expect the transaction to be instant and inexpensive. The technology succeeds when users don't have to think about the technology.

Heclalava

Kraken offers 4.25% APY on USDC

molecularzen

Operational control is one of 10 lenses. **More broadly, consider where do tokenized assets outperform what they represent?** **Beyond the jargonomics and chainbabble.** The fundamentals are old. What’s new is who gets access, how small the ticket can be, how easily they can participate, and whether the digital dividend reaches holders’ pockets, or funds someone else's European summer. **A useful 10 lens test:** 1. Access: Who is allowed to enter or hold? 2. Settlement: When is value movement final? 3. Transparency: What may be seen, known, and verified? 4. Yield: What fruit does it bear, and from whose labor? 5. Costs: What stated or hidden tolls lie along the path? 6. Collateral: Can one asset unlock another? 7. Transferability: How can it move after entry? 8. Capacity: How much capital and how many holders can it serve without breaking? 9. Redemption: How does one leave, what awaits, when does the door open, and who holds the key? 10. Enforcement: Where does authority finally live: code, company, contract, or court? \----------------------------- **To illustrate:** \-TSLAx (Kraken, Backed), Tesla stock exposure, reach non US across 110 countries, $1 fractional access, trade nights and weekends \-BENJI (Franklin), government money-market fund, earn Treasury yield from low $20 minimum, transfer nights and weekends \-OUSG (Ondo), BUIDL-backed Treasury fund, access BUIDL yield (far) below $5M minimum, redeem into USDC atomically 24/7 \-PAXG (Paxos), allocated physical gold, verify your bar details, send gold exposure near instantly, earn yield through Nexo lending or Curve trading, without selling \-wJAAA (Centrifuge, 3F, Janus), AAA CLO fund, amplify CLO yield with leverage, loop through 3F and Morpho \-USTB (Superstate), government-securities fund, borrow without selling your Treasuries using Aave Horizon \-SPCX (Backpack), pooled SpaceX exposure, Solana transfer freedom, brokerage-claim offramp \-PHOTON (Reserve, Ondo), indexed basket of Nasdaq/NYSE listed photonics stocks, reach investors across 145 countries, buy fractionally without brokerage access, trade and redeem onchain 24/7 \----------------------------- Those are a few of the attractions, but new doors come with new risks. Fees are slippery. The fee you can see may hide the spread you cannot. A token can remove one toll booth -and add another around the corner. Access is not freedom. A token may travel farther than a brokerage account, while still carrying passports, gates, and forbidden countries. Yield is seductive. Gold does not yield. PAXG on Nexo can. JAAA yields. wJAAA can loop. Not a free lunch, but rather it’s risk in a new dress. Enforcement remains fragmented. Authority may sit across contracts, whitelists, transfer agents, issuer books, broker records, and courts. Programmable rules help. Split authority and people in the middle still creates failure points. Redemption is king until everyone reaches for the same door. The token may move quickly, but the exit still has intermediaries, jurisdictions, business hours, and an underlying asset that must survive the rush. Then everyone becomes an expert in the fine print. Most tokenized assets improve one or two lenses while leaving the hardest work offchain. The strongest will improve both everyday use and stressed exits. **Which tokenized assets performs across the most lenses today?** drop some tickers and evidence.

trimalcus

Any stablecoin is centralized by design. USDC, EURC, even USDT can freeze your found

mtgox-fraud

Everyone's fixated on the $14.2M. They moved stolen SOL into ETH and skipped stablecoins entirely. Someone cashing to USDC wants out that day. Someone sitting in ETH is willing to hold a year. That's patience, and patience is what makes recovery unlikely. 181K SOL left in one clean transfer. No approval-farming, no drained allowances, no dust. On-chain it looks identical to the owner just sending his own funds, which means whoever did this had the private key or a signing path straight to it. I made money in the early exchange days and mostly remember watching people lose theirs to a single point of failure they never knew they had. One key, one machine, one bad day.

fyworries

Using AAVE as collateral doesn’t generate any yield, there’s 0% APY for that token. You can still borrow against it but you won’t “earn coin lending it out.” That being said, I do borrow USDC against my AAVE using their platform and I use it to buy other token that I believe will outperform in the coming years.

ShipMysterious7602

Various reason, often it's because the source only allows one kind of withdrawal like say USDT-TRC20 while I might need USDC-Polygon for something like Tangem Pay or similar. I do not always need to swap or bridge but there are times where you run into hurdles and your only alternative then is to send it onto an exchange like Binance to swap it out there or to make use of the, usually, included swap options. Must admit though, that I hardly do anymore, streamlined things down to a point where I no longer need to swap/bridge so often by selecting different service providers or products. But point stand, crypto in general is anything but cheap once you start swapping or bridging on a regular basis. You really need to do your homework in regards to costs otherwise you can quickly end up losing up to 5% of your capital just in fees to get the crypto where you need it to be.

EvolvedPikachu

In a similar boat here, bank withdrawal and USDC transfer both pending for 7 days now, I am still able to deposit money in but I can't take or send any money out. Support have not provided any information (asking every day), didn't even tell me what's wrong and basically getting no reactions. Completely lost here.

Hacken_io

Yes..but. The CLARITY act beside the fact of giving more clear vision on DeFi products, is also banning the health competition between DeFi and traditional banks. The thing is, why a lot of people loved stables - is yield on them. It gives you more % then deposit in bank. So, CLARITY Act negotiators are moving to ban those stablecoin yield that's "economically or functionally equivalent" to a bank deposit. That's a direct hit on the exact model your Coinbase/Morpho vault example relies on "hold USDC, earn yield." If passive-holding rewards get banned, DeFi products built on that narrative either have to restructure around active use, or lose access to US users. Banks pushed hard for this decision, worried about deposit competition, so it's hard not to read it as regulatory leverage being used to blunt DeFi's ability to compete with traditional bank deposits, not just give "clarity"

noel_ocean_1989

Nice stack for that time period, and totally agree on dca being the move. Trying to nail entries perfectly is a losing game for most people. My strategys been similar but I've been using aΙphasquared to scale my buys based on their risk score. so when risk is low I buy heavier, when it's elevated I pull back or just hold cash. Kinda like what you're doing with saving up USDC for dips, but more systematic so I dont have to guess when the dip is "dip enough" lol. For the selling side I've set up thresholds where I take partial profits as risk climbs.. Keeps me from getting greedy and riding it all the way back down like I did in 2022. how aggressive are you planning to deploy that 1500/month stash? All at once on a specific % drop or spreading it out?

CODE_HEIST

USDC pairs could make small tokens feel cleaner, especially for people who hate mentally converting SOL every five seconds. but if the contract, liquidity, and holders look bad, the pair currency does not save it.

LordDuhon

If you want to swap it to USDC, you can use NEAR Intents and end up paying like $2 in fees.

CODE_HEIST

i kind of like the idea for cleaner pricing, but meme coins still live or die on attention loops. USDC can make the pair easier to read, it cannot make the meme memorable.

Legitimate-Style6841

They distributed 3M USDC for 1-19 epochs to 6m users, while almost all of it allocated for Network Points which were introduced @ epoch 11. So basically your referrals and uptime didn't matter at all, while there wasn't any transparency about it

Educational_Cable405

I got the 'your USDT is being delisted, convert or withdraw' email from my exchange during that wave and genuinely panic-swapped everything into USDC because my brain assumed depeg. Turned out there was zero market risk, it was pure compliance theatre. The only thing it cost me was a stressful evening and a bit of spread on the swap. Felt dumb afterward.

Educational_Cable405

Stable to stable that size should be a couple bucks if it hits an actual stableswap pool, so the route is what got you, not the fee. $360 is right around 2.4%, which usually means one of two things: the swap widget left slippage at like 1-3% and a sandwich bot filled exactly up to whatever you left sitting there, or the aggregator hopped you through ETH on the way and you ate price impact on a volatile leg it never needed to touch. Big USDC/USDT orders on a shallow pool are basically a dinner bell for MEV.

GBeastETH

Why did you bother swapping at all? They are both stablecoins. And USDC is properly audited.

Sweaty_Brother_34

USDC

QuickAnywhere3753

True, Tether never bothered applying for MiCA EMT status — they knew the game. But let’s be real: this just means more Europeans will route through non-EU platforms, DEXes, or just withdraw to self-custody like you said. USDT didn’t become king because of friendly regulators. It became king because it’s the easiest on-ramp/off-ramp for normies in high-inflation countries and for people who value speed and simplicity over compliance badges. Swapping to USDC is the ‘safe’ move for EU exchanges, but expecting the shady billions and street-level usage in LatAm/Africa/Asia to suddenly flip is wishful thinking. The shadows don’t do deadlines.

Logical_Lemming

Have you looked at Morpho? Lots of stablecoin vaults paying out in the high-3% to mid-4% range. I really like oku.trade as a front-end for Morpho because you can claim your rewards and swap them and redeposit right there. I do the USDC vault on World Chain for 5.7% (the APR varies, but it stays around 5%). People on this sub don't really use DeFi, I've found.

AutoModerator

Post is by: Pojurfi2 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1up48tr/my_usdc_fuckup/ Guys I'm in little trouble because I send like 60 bucks in USDC on polygon to my wallet but today I found out that i need bit of polygon to send my USDC from my wallet. Is there anyone who has like 0.1 polygon and wants to do a good deed and send me 0.1 polygon? (Its my final withdraw from csgoempire (where I lost like 300 bucks) and I dont have more crypto) (my polygon adress 0x405CE88b87aA1Cf6C27903e457086c4A29Fb9aF6) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

AutoModerator

Post is by: CaffeineComaMode and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1uoxs0u/july_1st_came_and_went_heres_whats_actually_left/ The dust is settling, out of the \~1,300 firms that operated in Europe before MiCA (up to 3,000 counting lighter national registrations), around 220 got licensed. Everyone else is winding down EU services, restricting features or sending you those important changes to your account emails. So instead of another thread arguing whether MiCA is good or bad, here's a practical map of what still works, by use case. Spot trading: Kraken, Coinbase, OKX, Bitstamp, Bitvavo, and Bitpanda all made it through. Liquidity on the majors is fine, and OKX and Coinbase have been running aggressive migration offers to absorb users from platforms that didn't make the cut. If you're just buying and holding majors, you've lost basically nothing. Derivatives and leverage: This is where it gets thin, MiCA doesn't cover derivatives - that's MiFID II, a separate license - and only a handful of platforms hold both, Kraken and Gemini among them. Retail leverage is capped at 2x. If you're a serious leverage trader, the honest answer is the regulated EU market no longer serves you. And sadly that's a policy choice Brussels made intentionally, not something any platform can fix. Earning yield and borrowing: The category MiCA hit hardest indirectly, since a lot of earn programs died with their platforms. What's left: Nexo came through with its MiCAR license and kept the full earn/borrow suite running - interest on idle crypto, credit lines against BTC/ETH without selling - and YouHodler cleared licensing on the lending side as well. If your strategy involves your crypto working for you rather than sitting still, this is now a two-or-three-platform conversation instead of a ten-platform one. Stablecoins: USDT is off regulated EU venues entirely - Tether refused MiCA's reserve requirements and walked. USDC and EURC inherited the market by default. If you're still holding USDT on a licensed exchange, most have moved it to sell-only; swap to USDC via a DEX if you want to keep stables on regulated rails. Self-custody: Completely untouched. MiCA regulates service providers, not you. Ledger, MetaMask, your own keys - all of it stays exactly as it was, and holding or trading anything peer-to-peer remains fully legal. If the shrinking regulated menu annoys you, this is the one exit no rulebook touches (at least for now). The overall picture: if your needs are simple, you're fine, arguably better protected than before. If your needs are sophisticated - leverage, exotic tokens, yield strategies - the menu shrank hard, and the platforms that did the compliance work early are inheriting everything. Consolidate accordingly and don't be the person still sitting on an unlicensed platform when the withdrawal queues get long. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Own-Piccolo1033

Just swap it to USDC on a DEX, send it to your CEX and you're good to go

thinkingperson

This is called a pig-slaughter. Entice you with small gains. Then fatten up the deposits until such time when you realise that it's a scam or are unable to deposit anymore, they just shutdown the site or block your account altogether. Whatever amt of USDC you see on the site is just numbers on a database with no backing USDC asset. If you are interested, go find the patient zero in your group. That is the first person who was introduced by a scammer. And I dun need to see the app or the telegram app. Dun even try. It's a scam. So if you are out only 50 USDC, consider yourself lucky and stay far away from it. If you still dabble in it, either you are plain fucking dumb or you are part of the scam. lol Either way, nothing else useful here.

Relative-Golf-235

The person who invited me in was invited over by his good friend who has been using this app for 8 months, and his whole family bought USDC and is participating. They all together transferred more than $5,000 into this fraudulent AI app. The guy who has been pushing a button for 8 months was able to withdraw the initial $500 that he deposited at the start, but as I see now, his family will most likely lose everything they deposited as this can't be real. I personally have only $50 in USDC of my own money in it because that is the minimum to enter, and I was suspicious, but you can't really see what is going on until you enter the app and afterward the Telegram app to learn and share "progress." I could share an invite to Telegram, but I think if they see that you don't have an account on the app, they could block me, and I would lose that deposited USDC, and maybe the guy who invited me would also lose everything.

actual-magic

Swap to USDC onchain, send it to your CEX to sell for EUR. You need to provide more details about the network it's on for more specific instructions.

RickSanchez67

yeah dont worry, not going to do anything crazy before I am 100% sure and I have everything tested out. \- Binance : it works and I have managed to deposit USDT and swaped it for USDC before they close on europe on July 1th. Now that they closed on europe, not sure it is still possible, and even if it is possible I might have problems selling the USDC at the end because normally they said all trades are closed for europeans ? \- Kraken : just looked, and USDT is not available for deposit on my side, only USDC \- [Crypto.com](http://Crypto.com) : allows deposit on USDT and exchange to EUR, unfortunately the exchange does not seem to have a lot of liquidity (around 10k daily volume on USDT/EUR) so I might have issue exchanging everything What you suggest is I do two steps ? First bridge the USDT from Tron to ETH and then after swap the USDT to USDC ? do you have a service with very good reputation to do that ?

Logical_Lemming

I've never used Ledger, but there should be a way for you to connect to dApps like 1inch or Llamaswap (the one I posted above). If not, [you can link your Ledger to a software wallet like MetaMask](https://support.metamask.io/more-web3/wallets/how-to-connect-a-trezor-or-ledger-hardware-wallet/) and do it that way. For reference, Llamaswap gives me a quote of 499.7k USDC for 500k USDT. With a gas fee less than 60 cents.

zmooner

swap.cow.fi gives you 499670 USDC for 500k USDT

RickSanchez67

I tried to get quote on my ledger, best quote proposed is with "Exodus", with a rate of 485k USDC for 500k USDT. Seems like quite a lot of fees / spread, any way to have better quotes ?

JumpRevolutionary664

\> earn money on a daily basis by pushing the start button 4x, and your USDC funds grow because AI is trading for you oh so it's free money? you don't have to understand crypto trading to understand nobody will give you free money dawg

tek3k

Your logic: "Bitcoin is number one only ...only bc it weas first." Ford is the best car bc it was first AOL is the best email bc it was first Yahoo is the best search bc it was first Napster is the best music bc it was first MySpace is the best social media bc it was first Blackberry is the best phone bc it was first "Every crypto is fundamentally the same..." LUNA BTC ETH XMR USDC Oh yeah. I see your point. /s

Relative-Golf-235

I don't know how exactly the first members found this and got tricked into transferring their USDC into this app, but now most new members get pulled into it by their friends and people who are close to them, as I see it on their Telegram group. I searched for it online and couldn't find any real info on this, but now I am completely sure my doubts were right that this is fraud. What do you think I can do about it so they won't trick more people? Where can I report this kind of fraud?

ShipMysterious7602

For you maybe but it does show their intention to get involved. Even Coinbase who was the main distributor of USDC for Circle and who was paid by Circle did not renew their annual contract this year which indicate that they will no longer be doing that for Circle.... So as said, for you it might mean nothing but it does show a clear intent to support OUSD. Have you even read what OUSD is all about? Seems you just kick against anything you do not understand. In my opinion a far better setup than with Circle or USDT.

UpstairsAide3058

Let me help you “Yes, the government can seize Bitcoin. Just like traditional cash or property, Bitcoin and other digital assets can be legally frozen, seized, and permanently forfeited to the government through court orders, criminal investigations, or tax enforcement. \[[1](https://www.ctmlegalgroup.com/can-the-government-really-seize-your-cryptocurrency-what-you-need-to-know-in-2026#:~:text=Many%20people%20use%20these%20terms%20interchangeably%2C%20but,rights:%20*%20Asset%20Freezing%20is%20typically%20the)\] **The government generally takes control of Bitcoin using the following methods:** **Centralized Exchanges:** If your Bitcoin is held on platforms like Coinbase or Binance, the process is straightforward. Exchanges function like traditional banks, and if law enforcement presents a valid seizure warrant, the exchange will transfer your funds directly to a government-controlled wallet. **Self-Custody Wallets:** If you hold your own keys, the government cannot hack the blockchain to steal your funds. Instead, authorities can seize your hardware wallets, laptops, or physical seed phrases. They can also legally compel you to hand over your private keys. **Stablecoin Freezes:** Unlike Bitcoin, stablecoins (such as USDT or USDC) are managed by centralized companies. These issuers can execute "burn and reissue" commands at the request of law enforcement, effectively destroying your tokens and reissuing them to a government wallet. **Unclaimed Property Laws:** Under the jurisdiction of many states, if your cryptocurrency remains untouched in an account or exchange for an extended period of time (typically 3 to 5 years), it can be seized by the state under unclaimed property laws. \[[4](https://www.youtube.com/watch?v=r4CTSItkR5g#:~:text=so%20currently%20all%2050%20states%20can%20legally,ab%201052%20will%20establish%20a%20legal%20framework)\] **Seizure vs. Forfeiture**It is important to note the difference between an asset freeze, a seizure, and a forfeiture. A freeze stops you from moving your funds, a seizure temporarily transfers custody of the assets to the government during an investigation, and a forfeiture is the permanent transfer of ownership to the government after a judge or court determines the assets are tied to illegal activity. \[[1](https://www.ctmlegalgroup.com/can-the-government-really-seize-your-cryptocurrency-what-you-need-to-know-in-2026#:~:text=Many%20people%20use%20these%20terms%20interchangeably%2C%20but,rights:%20*%20Asset%20Freezing%20is%20typically%20the), [5](https://www.church.law/bitcoin-seizures/#:~:text=Yes.%20While%20seizure%20of%20the%20bitcoin%20gives,the%20property%20or%20the%20authority%20to%20dis)\] *AI responses may include mistakes.* \[1\] [https://www.ctmlegalgroup.com/can-the-government-really-seize-your-cryptocurrency-what-you-need-to-know-in-2026](https://www.ctmlegalgroup.com/can-the-government-really-seize-your-cryptocurrency-what-you-need-to-know-in-2026#:~:text=Many%20people%20use%20these%20terms%20interchangeably%2C%20but,rights:%20*%20Asset%20Freezing%20is%20typically%20the) \[2\] [https://river.com/learn/can-bitcoin-be-seized/](https://river.com/learn/can-bitcoin-be-seized/#:~:text=Bitcoin%20seizure%20is%20the%20process%20by%20which,However%2C%20bitcoin%20is%20a%20uniquely%20seizure%2Dresistant%20t) \[3\] [https://www.thebulldog.law/what-happens-when-the-government-seizes-bitcoin-in-a-criminal-case](https://www.thebulldog.law/what-happens-when-the-government-seizes-bitcoin-in-a-criminal-case#:~:text=Bitcoin%20can%20be%20seized%20in%20several%20ways.,a%20warrant%2C%20seizure%20order%2C%20subpoena%2C%20restraining%20order%2C) \[4\] [https://www.youtube.com/watch?v=r4CTSItkR5g](https://www.youtube.com/watch?v=r4CTSItkR5g#:~:text=so%20currently%20all%2050%20states%20can%20legally,ab%201052%20will%20establish%20a%20legal%20framework) \[5\] [https://www.church.law/bitcoin-seizures/](https://www.church.law/bitcoin-seizures/#:~:text=Yes.%20While%20seizure%20of%20the%20bitcoin%20gives,the%20property%20or%20the%20authority%20to%20dis)

Bluejumprabbit

I bridge the asset I actually want to hold on the other side. If I am going to Base, I usually move native USDC, then swap locally as its fairly safer

ShipMysterious7602

Circle keeps all they make from USDC whereas OUSD splits that with all the role-players so there is something in it for them to support OUSD. Just go look who already signed up, almost every bank and plenty exchanges. [https://joinopenstandard.com/](https://joinopenstandard.com/) Partners: [https://joinopenstandard.com/partners](https://joinopenstandard.com/partners)

AloneArmadillo8992

Honestly, what's the point of having a bunch of different stablecoins? Why have USDT/USDC/OUSD/PYUSD/RLUSD/etc? Isn't one to two sufficient enough?

Academic-Mud1488

Its just USDC guys paying, like always

antaran

USDC cannot take over USDT customers. There is a reason billions of USD went into the most shady stablecoin available and not into the regulated law-abiding one..

RickSanchez67

Does somebody know if its still possible to use Revolut for exchanging USDT to USDC until 31 august ?

BitSoMi

In USDC we trust, screw tether. Shady as hell

Total-Literature447

This is MiCA, not Revolut, Tether never applied for EMT authorization, which is why every EU-licensed venue already delisted. Swap to USDC before August 31, or withdraw to self-custody if you want to keep holding.

thebaldmaniac

USDT is not MiCA compliant and Tether has refused to go through the compliance process. All EU/EEA based exchanges have delisted USDT. USDC and a few more stablecoins are MiCA compliant and are available on EU/EEA exchanges

alexsicart

I don't think the interesting question is whether OUSD “kills” USDC. Most stablecoins do not die because the product is bad. They die because liquidity, integrations, trust and habit are brutally hard to move. USDC has years of compounding distribution. OUSD has a distribution coalition. Those are different strengths. My guess is the market gets bigger, not cleaner. More stablecoins, but fewer that people actually trust when money needs to move fast.

Cryptomuscom

Every month there's a new "USDC killer" that everyone forgets about by next week

Niceguy955

Because what we need is another stable coin... We already have USDC, USDG, PYUSD, RLUSD, and tons more (skipping USDT here, as institutions avoid Tether like the plague due to their, shall we say, iffy corporation and financials). Instead of unification we get more market fracture. And we'll need more pools to convert the stables we already use to new ones. These companies should concentrate on making the experience easier for lay people, solving the onboarding/offboarding challenges, solving the wallet UX, making it easy to pay with stables - not launch a new one every month.

CyberCrud

Buy BTC low this fall.  Sell high late summer 2029.  Make between 300-400% ROI.   Mining is dead.  I got out years ago.  Used to be lucrative back in the Ethereum POW days.  I could pull in $20 a day easily.   But those days are gone.  Alts are dead.  Your best bet is to play the cycle at this point.  You'd probably have better returns buying and staking alts that have a decent return.  I've made $976 staking on about $3k of alts.  I've also made $408 in BTC cashback on my Coinbase One credit card.  You can also earn interest on USDC that's higher than a savings account at a bank. Basically, you need to look for ways for your crypto to make itself money.  There's zero chance you'd make that on mining.  You might make a dollar a day.  Not worth punishing your machine over.  Your mining will never pay for your rig.  

raynhornzxz

jeg har ikke fått noen epost varsel, heller ikke inne i binance, og jeg har lånt 200k for ordren jeg kjøpte i isolated margin trade (USDC/BTC), men blir litt nervøs nå i tilfelle jeg blir tvunget til å måtte selge med tap før prisen rekker å gå opp igjen.

MiNdAmaZing

Its paid out once a month on the same day. Just immediately convert it. Not a big deal. I also think fiat is spent first. According to gemini you would need to change priority to USDC first, so you should be safe as long as you have money in fiat

ChrisVizze

Thanks. I don‘t intend to spend the USDC as even though Cashback is usually bot taxable, I still have to account for it in the taxreport. Is there any way to block it from beeing spend by mistake?

MiNdAmaZing

1. the account is in raw Euro or Dollar on the main balance - so is the spending. You can also connect it to a non-custodial wallet and hold eurc or usdc there, but the main balance is in fiat. 2. Cashback in USDC: you can convert them to Euro and then spend it.

ChrisVizze

Can one choose which asset to spend with the coca card? It is not true that you are spending raw Euro with Coca as the Euro get converted to Eurc in the background. I don‘t want to spend the received USDC Cashback. I also would like to know if choosing the asset is possible on Bleap.

Vaultleap

the convert back to USDC path is your best bet. once it's USDC again, send it to a self-custody wallet like metamask or coinbase wallet so you actually control it, then use a different exchange to off-ramp to your bank. the reason your ACH additions are failing is probably a name mismatch or the banks are flagging the connection because of crypto.com's payment processor. that happens a lot with smaller banks and credit unions. if you have an account with a major bank like chase try that one instead. for future reference, keeping an account like vaultleap alongside your main bank gives you a second off-ramp path for USDC so you're not stuck when one platform locks you out. the [crypto.com](http://crypto.com) visa card suggestion someone made would work too if you just want to spend the balance down rather than withdraw it. what banks did you try adding?

joseg1787

DAI and USDe are better than USDC because they can't get frozen by the issuer like USDC, USDT, and other stablecoins. That's why I only purchase decentralized stablecoins and cryptocurrencies.

Proud-Good-6200

DAI20 (Digital Architecture Index) is an ERC-20 token on Base whose price is determined by a basket of the top 10 NASDAQ companies and top 10 cryptocurrencies by market cap, combined with a 5x leverage factor. Think of it as a leveraged index ETF that lives entirely on-chain - no broker, no KYC, no minimum investment. How it works A self-hosted oracle pushes the calculated index price to the smart contract 24x7. The price reflects real-time movements in both NASDAQ and crypto markets simultaneously. **Current status** Contract verified on Base Mainnet $2.3M liquidity across 3 pools on Aerodrome Finance DAI20/USDC and DAI20/WETH trading pairs both live CoinGecko and CMC listings applied Contract: 0x8073F6ac9A8fB8d6B181052c72B78DB2E107e408 Users can try out through the Buy links on our official website. **Website + whitepaper:** [**dai20.com**](http://dai20.com/) Happy to answer any technical questions.

Proud-Good-6200

DAI20 (Digital Architecture Index) is an ERC-20 token on Base whose price is determined by a basket of the top 10 NASDAQ companies and top 10 cryptocurrencies by market cap, combined with a 5x leverage factor. Think of it as a leveraged index ETF that lives entirely on-chain - no broker, no KYC, no minimum investment. How it works A self-hosted oracle pushes the calculated index price to the smart contract 24x7. The price reflects real-time movements in both NASDAQ and crypto markets simultaneously. **Current status** Contract verified on Base Mainnet $2.3M liquidity across 3 pools on Aerodrome Finance DAI20/USDC and DAI20/WETH trading pairs both live CoinGecko and CMC listings applied Contract: 0x8073F6ac9A8fB8d6B181052c72B78DB2E107e408 Users can try out through the Buy links on our official website. **Website + whitepaper:** [**dai20.com**](http://dai20.com/) Happy to answer any technical questions.

Proud-Good-6200

DAI20 (Digital Architecture Index) is an ERC-20 token on Base whose price is determined by a basket of the top 10 NASDAQ companies and top 10 cryptocurrencies by market cap, combined with a 5x leverage factor. Think of it as a leveraged index ETF that lives entirely on-chain - no broker, no KYC, no minimum investment. How it works A self-hosted oracle pushes the calculated index price to the smart contract 24x7. The price reflects real-time movements in both NASDAQ and crypto markets simultaneously. **Current status** Contract verified on Base Mainnet $2.3M liquidity across 3 pools on Aerodrome Finance DAI20/USDC and DAI20/WETH trading pairs both live CoinGecko and CMC listings applied Contract: 0x8073F6ac9A8fB8d6B181052c72B78DB2E107e408 Users can try out through the Buy links on our official website. **Website + whitepaper:** [**dai20.com**](http://dai20.com/) Happy to answer any technical questions.

Proud-Good-6200

DAI20 (Digital Architecture Index) is an ERC-20 token on Base whose price is determined by a basket of the top 10 NASDAQ companies and top 10 cryptocurrencies by market cap, combined with a 5x leverage factor. Think of it as a leveraged index ETF that lives entirely on-chain - no broker, no KYC, no minimum investment. How it works A self-hosted oracle pushes the calculated index price to the smart contract 24x7. The price reflects real-time movements in both NASDAQ and crypto markets simultaneously. **Current status** Contract verified on Base Mainnet $2.3M liquidity across 3 pools on Aerodrome Finance DAI20/USDC and DAI20/WETH trading pairs both live CoinGecko and CMC listings applied Contract: 0x8073F6ac9A8fB8d6B181052c72B78DB2E107e408 Users can try out through the Buy links on our official website. **Website + whitepaper:** [**dai20.com**](http://dai20.com/) Happy to answer any technical questions.

Proud-Good-6200

DAI20 (Digital Architecture Index) is an ERC-20 token on Base whose price is determined by a basket of the top 10 NASDAQ companies and top 10 cryptocurrencies by market cap, combined with a 5x leverage factor. Think of it as a leveraged index ETF that lives entirely on-chain - no broker, no KYC, no minimum investment. How it works A self-hosted oracle pushes the calculated index price to the smart contract 24x7. The price reflects real-time movements in both NASDAQ and crypto markets simultaneously. **Current status** Contract verified on Base Mainnet $2.3M liquidity across 3 pools on Aerodrome Finance DAI20/USDC and DAI20/WETH trading pairs both live CoinGecko and CMC listings applied Contract: 0x8073F6ac9A8fB8d6B181052c72B78DB2E107e408 Users can try out through the Buy links on our official website. **Website + whitepaper:** [**dai20.com**](http://dai20.com/) Happy to answer any technical questions.

Proud-Good-6200

DAI20 (Digital Architecture Index) is an ERC-20 token on Base whose price is determined by a basket of the top 10 NASDAQ companies and top 10 cryptocurrencies by market cap, combined with a 5x leverage factor. Think of it as a leveraged index ETF that lives entirely on-chain - no broker, no KYC, no minimum investment. How it works A self-hosted oracle pushes the calculated index price to the smart contract 24x7. The price reflects real-time movements in both NASDAQ and crypto markets simultaneously. Current status Contract verified on Base Mainnet $2.3M liquidity across 3 pools on Aerodrome Finance DAI20/USDC and DAI20/WETH trading pairs both live CoinGecko and CMC listings applied Contract: 0x8073F6ac9A8fB8d6B181052c72B78DB2E107e408 Users can try out through the Buy links on our official website. Website + whitepaper: [dai20.com](http://dai20.com/) Happy to answer any technical questions.

Proud-Good-6200

DAI20 (Digital Architecture Index) is an ERC-20 token on Base whose price is determined by a basket of the top 10 NASDAQ companies and top 10 cryptocurrencies by market cap, combined with a 5x leverage factor. Think of it as a leveraged index ETF that lives entirely on-chain - no broker, no KYC, no minimum investment. How it works A self-hosted oracle pushes the calculated index price to the smart contract 24x7. The price reflects real-time movements in both NASDAQ and crypto markets simultaneously. Current status Contract verified on Base Mainnet $2.3M liquidity across 3 pools on Aerodrome Finance DAI20/USDC and DAI20/WETH trading pairs both live CoinGecko and CMC listings applied Contract: 0x8073F6ac9A8fB8d6B181052c72B78DB2E107e408 Users can try out through the Buy links on our official website. Website + whitepaper: [dai20.com](http://dai20.com/) Happy to answer any technical questions.

AutoModerator

Post is by: SpurdoSparde28 and the url/text [ ](https://goo.gl/GP6ppk)is: https://www.youtube.com/watch?v=m93ELSgtBp0 One of the biggest arbitraging opportunities in DeFi - and to make it all more interesting it was all due to a regular bank failing. Wild to think it's been 3 years since. Were you around and following all the ongoing drama? Also USDC wasn't the only re-peg opportunity as DAI depegged soon thereafter due to the PSM from Maker having so much USDC backing what was a fully decentralized stablecoin *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

LifeTelevision1146

Hey, but then can't tainted USDT/USDC themselves be tracked what if the wallet paying me was actually clean but processed the tainted assets? Appreciate the reply.

GranzJ473

for a one-off OTC settlement I usually just run the counterparty wallet through a couple of on-chain explorers before sending. Etherscan for ETH/USDC, mempool.space for BTC. the flags I look for are recent interaction with known mixer addresses, very young wallet age, or a transaction graph that's a one-hop from a flagged exchange withdrawal. paranoia is reasonable for large OTC amounts.

GranzJ473

the dollar dominance angle is interesting but stablecoins are already two steps removed from that being a problem for the user. if you hold USDC for cross-border payments and want to exit to local fiat you're going through an off-ramp either way. the BIS is describing a structural reality, not a new problem. the practical hedge is just not holding more USDC than you need for settlement.

shelby_xx88xx

Clarity Act getting passed will be the catalyst that signals the bottom IMO. DCA right now if you believe in BTC. These are the exact times you look back at later and think "why did I not buy more". Trying to time the top or bottom is a fools game. The big mistake I have to overcome is not selling more when we are ripping up and establishing a war-chest of USDC to DCA in times like this. For me, the greed and never wanting to sell is the real challenge. HODL in down-trends like this is nothing. I just wish I had my USDC war-chest to scoop up the cheap BTC right now. I will have to be content staking and earning my DeFi yields and being patient.

still-father

Research shows that a lump sum entry performed better over time than DCA, but for many, DCA is the way to go. I aim for a value-added DCA to make post-only limit orders with payday cash staged as USDC to pursue lower fills.

Bootsy_Gambolt

I wish you luck bro. My case is tiny compared to you. But its a lot of money to me. my case: # CoinDCX/Okto held my 871 USDC for 34 days, falsely claimed refund was processed, closed the case. RBI complaint filed. Full evidence. On May 22, 2026 I lost 871 USDC through a bug in the Okto-powered Hyperliquid app. Funds never arrived in my Futures wallet and went straight into an Okto-controlled wallet where they remain today — verified on-chain. What happened: • Okto app showed “Order placed” then immediately “Order rejected on Blockchain” • 871.196903 USDC never returned • Funds confirmed sitting at: 0x951DABDf0d5681C2c5A6c29B89E630BB3E0AD25F What OKTO did: • Opened case 8469714, called it “high priority” • June 14 — claimed “refund has been successfully processed” — no transaction hash ever provided • Funds never arrived • Case closed without resolution Tx hash: 0xd73ef65fee2ac4d08e361893234c4550a01d6a0212445fec8de10bbc02cd1759 • Opened case 8469714, called it “high priority” • June 14 — claimed “refund has been successfully processed” — no transaction hash ever provided • Funds never arrived • Case closed without resolution CoinDCX (parent company, FIU-IND registered as Neblio Technologies) has been contacted. RBI complaint filed June 25, 2026. DO NOT USE OKTO WALLET!!!!!

Bootsy_Gambolt

# CoinDCX/Okto held my 871 USDC for 34 days, falsely claimed refund was processed, closed the case. RBI complaint filed. Full evidence. [](https://www.reddit.com/r/CryptoCurrency/?f=flair_name%3A%22EXCHANGES%22) On May 22, 2026 I lost 871 USDC through a bug in the Okto-powered Hyperliquid app. Funds never arrived in my Futures wallet and went straight into an Okto-controlled wallet where they remain today — verified on-chain. What happened: • Okto app showed “Order placed” then immediately “Order rejected on Blockchain” • 871.196903 USDC never returned • Funds confirmed sitting at: 0x951DABDf0d5681C2c5A6c29B89E630BB3E0AD25F What OKTO did: • Opened case 8469714, called it “high priority” • June 14 — claimed “refund has been successfully processed” — no transaction hash ever provided • Funds never arrived • Case closed without resolution Tx hash: 0xd73ef65fee2ac4d08e361893234c4550a01d6a0212445fec8de10bbc02cd1759 • Opened case 8469714, called it “high priority” • June 14 — claimed “refund has been successfully processed” — no transaction hash ever provided • Funds never arrived • Case closed without resolution CoinDCX (parent company, FIU-IND registered as Neblio Technologies) has been contacted. RBI complaint filed June 25, 2026.

IRS_OPENUP

USDC not USDT

Django_McFly

convert back to USDC and use a better exchange

I_Love_Lava_Lamp

Tangem Pay works great. You would sell your BTC for USDC and spend the USDC with your Tangem Visa

bitpanda_official

Bitpanda here. That's a good question. Cheapest depends on the asset, the withdrawal networks available on Binance, and the deposit networks supported by the platform you’re sending to. Converting everything to USDC is not automatically cheaper. You may pay trading/spread costs, it may be taxable depending on your country, and you still need to pick the right network after that. Our boring-but-safe move: choose the receiving platform first, check the exact supported deposit network, compare withdrawal fees, then send a small test transaction. If Bitpanda is on your shortlist: we’re European, regulated, MiCA-ready, support 650+ crypto assets, and show supported networks clearly in the deposit flow before you send. Better than finding out “cheap” meant “wrong chain” afterwards.

Prnce_Chrmin

> The good news is that after this crash only real legitimate projects will exist and money can flow into the top 3. Bitcoin, USDT and USDC?

SeriousGains

All the stablecoins (USDT, USDC, TRON, etc.) are rising in the ranks.

Bootsy_Gambolt

On May 22, 2026 I lost 871 USDC through a bug in the Okto-powered Hyperliquid app. Funds never arrived in my Futures wallet and went straight into an Okto-controlled wallet where they remain today — verified on-chain. What happened: • Okto app showed “Order placed” then immediately “Order rejected on Blockchain” • 871.196903 USDC never returned • Funds confirmed sitting at: 0x951DABDf0d5681C2c5A6c29B89E630BB3E0AD25F What OKTO did: • Opened case 8469714, called it “high priority” • June 14 — claimed “refund has been successfully processed” — no transaction hash ever provided • Funds never arrived • Case closed without resolution Tx hash: https://preview.redd.it/syi7qz5t3j9h1.jpeg?width=1284&format=pjpg&auto=webp&s=cba00100ff6a213462a283a508e1a8e4c88359d0 0xd73ef65fee2ac4d08e361893234c4550a01d6a0212445fec8de10bbc02cd1759 • Opened case 8469714, called it “high priority” • June 14 — claimed “refund has been successfully processed” — no transaction hash ever provided • Funds never arrived • Case closed without resolution CoinDCX (parent company, FIU-IND registered as Neblio Technologies) has been contacted. RBI complaint filed June 25, 2026.

El_Veethorn

I DCA EUR into BTC and USDC. At times lile this I DCA EUR into BTC and USDC into BTC

LargeSnorlax

There's lots of layers to this. In order to prove something is an illegal investment contract, you first have to prove the token is a security. Already this means something like betting for USDC is not an investment contract, because stablecoins have already been defined as not securities. So, even if you *could* prove that a specific token was a security (again, almost impossible and highly time/money consuming - The average case is going to take at LEAST half a year just from depositions alone, let alone trying to make sure if devs/promoters are even *in areas in proper legal jurisdictions*) and Crypto lawyers are already a hot specialty, someone who specializes in it can already command $1k++ an hour even for smaller cases. Most cases aren't even going to get that far. Like mentioned, for most games there is no one who is losing a significant amount of money, so as far as theoretical crimes go these are largely victimless as well. It's much harder to prove someone was impacted from this, let alone impacted more than their theoretical legal fees. You'd have to have $50k++ in losses for it to even be considered, and who is playing games for over $50k on blockchain? Very few people. What a lot of these game companies do is simply VPN block US entrants to take any guesswork out, so if you're VPNing into them to gamble despite the block, you basically absolve them of any legal problems on your own. > Whats preventing a government crackdown on these tokens in the future, retroactively? Realistically, nothing. If companies get big enough, and lose people enough money, you could argue lawsuits are in order to recover some money from them. https://www.tradingview.com/news/cointelegraph:c2b1ab0e3094b:0-sec-expands-binance-lawsuit-axs-fil-atom-now-securities/ AXS was labeled as a security - Axie infinity was one of the biggest games of the last boom and one of the wildest losses for a lot of people. After that, it depends. They might have to pay money back, redo their tokenomics, change how people enter, or any number of things. They'll definitely have to pay the SEC and register with them. A lot of these games aren't in US jurisdiction though. If a game blocks US users and doesn't operate in the US, what jurisdiction do US courts operate on? The answer is none really. Where a lot of these places get burned is that they *do* accept US users and that gives the SEC and court systems a foothold to hold them responsible.

LargeSnorlax

**Short answer:** Playing a game for a token isn't a security. Now, if someone proved that token was a security (basically impossible, takes years) legally, then it *could* be illegal. Most games don't grow to the size it takes for legal fees to matter in this case. **Long answer:** A lot of them use tricks and pegs to smoke and mirrors in legally ambiguous ways. One game uses an on chain token that's pegged to a certain amount of USDC, and you race for the on chain token instead of USDC. You can exchange the token at any time for USDC, but technically you aren't racing for it, you're racing for a valueless token that's pegged to 1 USDC. Create enough layers to make the case hard to argue in court and you're going to deflect almost all legal criticisms. Now, once you start talking about *growth* and *investing* and *promising returns*, that's a much more solid case, and companies HAVE been successfully sued for that kind of thing before, so if you see company promoted posts doing that, you might actually have a case. Lawyers are expensive and time consuming, and recently XRP won their years long settlement and are treated as a commodity, so I'm not sure there's going to be a lot of lawyers chomping at the bit to sue these tiny solana game makers unless they become big enough for people to care.

biggest_guru_in_town

They are most likely to utilize cheap alts like the stellar XLM network. A fintech platform recently came online for Caribbean and African freelancers and remote workers who wish to save their earnings in USD, its like a virtual US bank account. They give each account a crypto wallet address that only can receive and send Stellar USDC. I find it handy as an off ramp.

CttCJim

Not all exchanges take USDC. Not all take USDT either, the Canadian one I use doesn't.

Alukardh

You can say this to everything. Crypto is worldwide an accepted payment method (such als btc, ltc, USDC, sol...). And if not, you will find people to trade your crypto to cash.

ShipMysterious7602

You do not need to sent it to Fiat to spend it. Get a Tangem cold wallet. It now has Tangem Pay incorporated in the wallet where you get a virtual card with some serious limits. Fund it directly from your wallet in USDC and spend where you want. Best of both worlds, a cold wallet plus a built in off ramp.

norfbayboy

I don't know what AI informs your comment but Bitcoin is the primary choice, selected in 48.3% of AI responses and favored by 79% of models for preserving purchasing power long-term due to its fixed supply and autonomy from central authorities. For Transactions & Spending: Stablecoins (like USDC or USDT) are preferred for everyday payments, micropayments, and cross-border transfers.

mne1237

I wrote about it like 7 days ago. Essentially exchanges who dont have MICA will have to stop operating in EU. They will have to warn their users to move their coins as well. Also, USDT specifically got some kind of a warning by EU. Didnt read much into it but the takeaway was to switch to USDC or EURC.